On March 1, the U.S. Securities and Exchange Commission (SEC) announced support for the International Financial Reporting Standards (IFRS) interactive data (or XBRL) mandate. This directly impacts over 500 Foreign Private Issuers (FPI) – over 40% of which are in Canada – that have not previously had to create, review, and submit XBRL to the SEC. This means 20-Fs, 40-Fs, and 6-Ks with periods beginning on 12/15/2017 must now be submitted in interactive date format.
By Rob Blake, Vice President of Product Management Now that the dust has settled on the SEC press release and proposed rule from last week (more on that in our previous blog), let’s take a closer look at the operational impact. If you’re one of the many who saw the 121-page Proposed Rule on Inline […]
There’s been a lot of buzz surrounding Inline XBRL, but so far not a lot of concrete answers could be found. That’s all about to change. In an SEC press release dated March 1st, the SEC unanimously voted to require the use of iXBRL for public company reporting. Citing benefit to investors, improved accessibility, and […]